dChan
Anonymous ID: f90ffa April 7, 2020, 1:32 p.m. No.8715283   🗄️.is 🔗kun   >>5567 >>5576 >>5644 >>5815 >>5953

Market report

 

Closing numbers

S&P 500 2,659.41 -4.27(-0.16%)

Dow 30 22,653.86 -26.13(-0.12%)

Nasdaq 7,887.26 -25.98(-0.33%)

 

That close was FUGLY. Down 40pts on the SP E-mini's because of yet another "liquidity problem"- this time to the tune of $2.4b (these ass-hats are stretching this VERY thin right now-please stay frosty and don't participate if you do not have to-you will just be picking up nickels in front of a steam-roller). Federal Reserve Meeting minutes are due tomorrow as well.

 

The S&P 500 is up 24.7% from its 52-week low set March 23 while the Dow has bounced 28% from its low. Consumer borrowing accelerated in February before the coronavirus spread across the country, according to Federal Reserve data released Tuesday. Total consumer credit increased $22.3 billion. That's an annual growth rate of 6.4%, up from a 3.5% rate in the prior month. Economists has been expecting a $14.2 billion gain, according to Econoday. Revolving credit, like credit cards, rose 4.6% in February after a rare 2.7% decline in the prior month. Non-revolving credit, typically auto and student loans, rose 7% after a 5.6% rate in the prior month. The data does not include mortgage loans. Economists will be watching spending data closing in coming months. The government is trying to replace income lost by workers and business after the country shut down in mid-March.

 

Oil News-fell off a cliff earlier

The top global suppliers of crude, including Saudi Arabia and Russia, plan to meet on Thursday to discuss reducing output, but several energy ministers have said they will do so only if the United States joins in with its own cuts. On Tuesday, the U.S. Department of Energy, noting new monthly forecasts, pointed out that production is already dropping without government involvement. Any final agreement on how much the Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, will curb output would depend on volumes that producers such as the United States, Canada and Brazil are willing to cut, an OPEC source said on Tuesday. OPEC+ has been curtailing production in recent years even as U.S. producers ramped up output to make the country the world’s biggest crude producer. U.S. crude production is expected to fall by 470,000 barrels per day (bpd) and demand is set to drop by about 1.3 million bpd in 2020, the U.S. Energy Information Administration (EIA) said

 

Some additional headlines

 

Twitter CEO sets aside $1 billion in Square equity for charity, coronavirus relief

 

Square and Twitter CEO Jack Dorsey has said he is donating $1 billion in Square equity to support relief efforts for COVID-19.

 

“I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief,” Dorsey said on Twitter.

 

Dorsey said that, after “we disarm” COVID-19, he will dedicate the money to universal basic income (UBI) and girls health and education.

 

“Why pull just from Square and not Twitter? Simply: I own a lot more Square,” he said. “And I’ll need to pace the sales over some time. The impact this money will have should benefit both companies over the long-term because it’s helping the people we want to serve.”

 

Dorsey said that he wants to see the impact of his donation during his lifetime, and that “the needs are increasingly urgent.” He also said he hopes it will inspire others to “do something similar.”

https://www.cnbc.com/2020/04/07/twitter-ceo-sets-aside-1-billion-in-square-equity-for-charity-coronavirus-relief.html

 

Online Lender Suspends Redemptions, Shuts Down Amid Flood Of Defaults, Unemployment Surge

https://www.zerohedge.com/markets/online-lender-suspends-redemptions-shuts-down-amid-flood-defaults-unemployment-surge

 

U.S. SEC issues compliance focus areas for brokers before new rules take effect

https://www.reuters.com/article/us-health-coronavirus-sec-brokers/u-s-sec-issues-compliance-focus-areas-for-brokers-before-new-rules-take-effect-idUSKBN21P34S

 

https://finance.yahoo.com/quote/%5EDJI?p=^DJI

https://www.marketwatch.com/investing/bond/tmubmusd10y

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://www.reuters.com/article/us-global-oil/oil-drops-on-growing-crude-glut-doubts-over-output-cuts-idUSKBN21P02H

https://www.marketwatch.com/story/us-consumer-credit-increased-at-faster-pace-in-february-2020-04-07

https://www.marketwatch.com/investing/index/dxy

Anonymous ID: f90ffa April 7, 2020, 1:49 p.m. No.8715398   🗄️.is 🔗kun

>>8715311

Thanks edgelord. Calm the fuck down..it's not a good look for you

WTF are you doing??? Same thing . Did not even read what was posted. Fucking retard.

Don't assume you know it all.

Anonymous ID: f90ffa April 7, 2020, 2:06 p.m. No.8715525   🗄️.is 🔗kun   >>5567 >>5771 >>5815 >>5953

LuLu Lemon Athletica Inc. Former CEO and Director sold: $49.99m-Apr 6

 

Dennis "Chip" Wilson, the founder and former CEO of Lululemon, opened Lululemon's first store in Vancouver in 2000. He took the firm public in 2007 but resigned as chairman in 2013 and removed himself from the business completely in 2015. In 2013, Wilson blamed Lululemon's too-sheer pants on women's body types, causing an uproar among fans. Although Wilson has no management role in Lululemon, he remains its biggest individual shareholder. Wilson is currently involved in Hold It All, which has businesses in apparel, real estate and private equity. His investments include stakes in Finnish sporting goods firm Amer Sports and Chinese sports apparel company Anta Sports.

 

from 2013

8 Outrageous Remarks By Lululemon Founder Chip Wilson

https://www.businessinsider.com/outrageous-remarks-by-lululemon-founder-chip-wilson-2013-12?op=1

 

Lululemon founder steps down from embattled sporting apparel company

https://www.theguardian.com/world/2013/dec/10/lululemon-founder-chip-wilson-steps-down

https://www.finviz.com/insidertrading.ashx?oc=1407029&tc=7&b=2

 

Cap #2

https://www.secform4.com/insider-trading/1407029.htm